📊 What is Big Forex Players MT5?
Big Forex Players MT5 is an Expert Advisor (EA) built for professional traders looking to capitalize on institutional order flow and advanced market analytics. The EA combines multiple strategies: Bank positions, Indicator-based logic, Multi-currency robot trading, and news filtering, making it a robust tool for diverse market conditions.
In this review, we analyze the entire input settings panel of the EA, breaking down each section for better understanding and optimal usage.
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🔧 1. Core Lot & Risk Settings
| Variable | Value |
|---|---|
| Fixed Lot (for Banks/Indicators) | 0.01 |
| Risk Percent (for Banks/Indicators) | 0.0 |
- Analysis: This configuration uses a fixed lot size (0.01) instead of risk-based sizing. It’s conservative and suitable for testing or low-risk environments. Risk Percent is set to 0.0, disabling automatic lot adjustment based on balance.
🏦 2. Trading with Bank Positions
| Setting | Value |
|---|---|
| Trading with Banks | true |
| trailingStartBanks | 0.0 |
| trailingStopBanks | 0.0 |
- Analysis: The EA is enabled to trade based on Bank Research and Analysis, which identifies positions of major institutions. Trailing is currently off, so trades will not be trailed for profit locking.
📊 3. Trading with Indicators
| Setting | Value |
|---|---|
| Trading with Indicators | true |
| trailingStartIndicators | 0.0 |
| trailingStopIndicators | 0.0 |
- Analysis: Enables trades based on technical indicators (RSI, MACD, Stoch) on H4-D1. Again, no trailing is applied for this strategy.
🤖 4. Multi-Currency Robot Trading
| Pairs Enabled | EURUSD, GBPUSD, USDJPY, XAUUSD |
|---|
- Analysis: The EA trades on major forex pairs and gold, allowing diversified exposure. Multi-pair trading increases opportunities but requires good money management.
⏳ 5. Pending Order Settings
| Setting | Value |
|---|---|
| PendingOrders | true |
| BreakEvenTo | 4.0 |
| BreakEvenTrigger | 6.0 |
| MagicNumber | 648375 |
- Analysis: EA uses pending orders, which are often more efficient in high-volatility zones. Break-even logic is applied after 6 pips profit, securing trades early.
🛡️ 6. SL & TP (Stop Loss & Take Profit)
| TakeProfit | 30.0 |
| StopLoss | 30.0 |
| TrailingStop | Disabled |
| TP/SL Hidden | false |
- Analysis: Uses fixed TP/SL of 30 pips, suitable for scalping or short-term trades. Trailing Stop is disabled, which may limit profitability in strong trends.
📰 7. News Filter Parameters
| Enabled | true |
| Don’t Trade Before News | 60 mins |
| Don’t Trade After News | 60 mins |
| News Type Filtered | ECB, FOMC, Fed, NFP |
| Max DD During News | 100% (very high risk tolerance) |
- Analysis: News filter is active to avoid high-impact news volatility. However, the 100% Max DD is quite aggressive and should be lowered for safer operation.
⏰ 8. Trade Hours (Time Filter)
| Days Enabled | Monday – Friday |
| Time | 08:00 – 22:00 (local time) |
- Analysis: Restricts trading to major market hours when liquidity is highest. A good risk control feature to avoid overnight gaps or low-volume moves.
📈 9. Additional Trade Parameters
| MaxSpread | 3.0 |
| Slippage | 2.0 |
| LotsStep | 0.01 |
| RecoveryMode | false |
- Analysis: Conservative settings with tight spread/slippage controls. Recovery mode is disabled, which avoids dangerous martingale behavior.
🔚 10. Closing Orders Logic
| DailyProfitTarget | 0.0 |
| Closing All Orders | false |
| Closing Local Time | 22:00 |
- Analysis: EA does not auto-close on profit targets or daily profits, offering manual flexibility. Orders close by 22:00 to avoid overnight risk.
🧩 Conclusion: Should You Use Big Forex Players MT5 EA?
Big Forex Players MT5 EA is a well-structured, multi-strategy trading bot with institutional logic, news filtering, and technical indicator confluence. Here’s a final verdict:
✅ Pros
- Uses institutional data (bank positions).
- Built-in technical indicator strategy.
- Supports multiple major pairs + gold.
- Integrated news filter for safer trading.
- Fixed SL/TP for risk control.
⚠️ Cons
- No trailing stop logic enabled by default.
- No dynamic risk sizing (set to 0%).
- Recovery mode is off – safer, but may miss recovery trades.
- Daily profit logic is off – may require manual oversight.
🔄 Recommended Adjustments for Optimization:
- Enable trailing stops for higher profitability in trends.
- Consider using Risk Percent > 0 for dynamic lot sizing.
- Lower Max DD During News from 100% to 30–50% for safety.
- Activate daily profit target to lock in gains and reduce exposure.
